A.M. Update

S&P futures rebounded off overnight lows and are +0.8%. Initial Claims gave the market some relief from economic growth concerns after last week’s surge in jobless claims to a 12 month high, and the Payrolls report. Weekly initial jobless claims totaled 233,000 (consensus 242,000) following a revised count of 250,000 last week (from 249,000). Continuing…